New Hampshire Insurance Guide

New Hampshire may have lost the face of the old man on the mountain, but when it comes to insurance regulations, state regulators have found a way to keep residents happy and safe.

New Hampshire Auto Insurance

Personal injury protection (PIP) is not required by New Hampshire auto insurance regulators and neither is bodily injury liability or property damage liability. This at-fault state does have one auto insurance requirement–they require residents to have uninsured motorist coverage.

New Hampshire Health Insurance

New Hampshire health insurance coverage is no laughing matter. While the state does not require its insurers to cover pre-existing conditions in the individual market, they do have a state high-risk pool to help those who are uninsurable. Since there is no state income tax there is no deduction (on the state level) for health savings account (HSA) contributions.

New Hampshire health insurance regulators consider small groups as consisting of 1-50 persons and, while there is no requirement that they issue coverage for pre-existing conditions within the group if there has been a 63 day or longer break in coverage over the past 3 months, they only let them exclude a pre-existing condition for up to 9 months. This means both their look back period (3 months) and their exclusion periods are less than the federal minimums.

New Hampshire Home Insurance

If you own a home in New Hampshire, you probably already know that New Hampshire home insurance regulations do not require you to have home insurance. But that doesn’t mean you are in the clear. If you have a lender, they may require you to have some sort of insurance on your dwelling to help reduce their risk. In addition, since New Hampshire is sometimes on the receiving end of hurricanes, it is a good idea to have some coverage.

New Hampshire Life Insurance

New Hampshire life insurance regulators formed its Life and Health Insurance Guaranty Association in 1971 in order to ensure there was some source of benefits for those residents whose insurance companies became insolvent before claims were paid. The association provides up to $300,000 in life insurance death benefits and $100,000 in life insurance net cash surrender benefits.